Africa Eats

The coronavirus pandemic brings more than a healthcare crisis to Africa, it brings disruptions to the food supply chain that will likely cause widespread hunger and starvation.

The food system is already far from ideal, with (at least) 40% of that food never being eaten due to post-harvest losses (Rockefeller Foundation studies).

Adding to these issues are the friction of closed borders, lockdowns, and lost revenues from the best paying customers: hotels, restaurants, supermarkets, and safaris.

Pre-pandemic, there was far too much friction in the early-stage financial markets to fund the food/ag supply chain. Now these food companies are essential services and the only chance to prevent widespread hunger.

A solution for all these issues is Africa Eats, a holding company with a diverse set of African food/ag companies supporting hundreds of thousands of smallholder farmers, feeding millions of Africans.

An agile holding company that can efficiently put capital to work to keep the food supply running.

Africa Eats does not try solving this problem from scratch, but instead begins with 27 fledglings (graduates) of Fledge, the global network of conscious company accelerators. 27 young, for-profit, growing companies chosen from thousands as most likely to succeed, with impact embedded in their product or service, and who have all received two months of intense training, capital, and follow-on support. 27 companies which in 2019 earned over $7 million in aggregate revenues and which worked directly with over 100,000 smallholder farmers.

Contact us if you would like more information.

Latest stories

Agribusiness in unprecedented times


KPMG and AGRA have published an outlook on Agribusiness in Africa based on data and conversations with 137 companies across Africa. This a great overview of the challenges that face the agriculture sector in Africa, both in general plus the added issues created by the pandemic. The report includes 10 priorities. Half of these are related to financing. Africa Eats address most of these directly...

Investments #2, #3, #4, #5, and #6


We’ve previously talked about having too many investment opportunities. That is still true despite making five more investments this week. #2 – Essential Bean by Kalahari Honey We said our top priority for investing was to mitigate hunger and the most direct and impactful opportunities we’ve seen is Essential Bean, a new subsidiary of Kalahari Honey in Botswana. Botswana closed...

Investment #1


We’ve previously talked about having too many investment opportunities. That is true. But that didn’t stop us from making our first investment. #1 – Agro Supply Urgency drove a loan to Agro Supply. The company sells seeds and other agricultural inputs to over 7,000 Ugandan farmers. Trouble is, the company needs to pay the seed company upon pick-up, but doesn’t get paid by...

Too many investment opportunities


With rare exception,investment funds begin life with capital to invest, an area of interest, and fresh dealflow. Africa Eats is exceptional. We instead began with a portfolio of investments, curated over eight years, and only a modicum of capital, far less than the growth needs of that portfolio. The first few months of Africa Eats has thus been about having the new members of the headquarters...



Africa Eats is a holding company that begins with 27 investees. That is accurate, but “investee” isn’t the right word. That word misses the relationships we’ve build with these companies over the past six years through their participate at and after a Fledge accelerator. Africa Eats is a holding company with 27 subsidiaries. No, that isn’t right either. Subsidiary...

Our Collective Impact


Africa Eats impacts are broad, as there are a multitude of business models in the portfolio. SDGs Simplest is to start with the SDGs.  For each company, we simply tick off the SDGs they are most involved in tackling.  Below is the histogram. 26 of the African Eats companies are tackling poverty. 19 tacking hunger and decent jobs. Half are production companies building industry and...

Historic and Future Revenues


8 of the 27 companies within Africa Eats were started way in or before 2014. The rest within the last five years. Back in 2014, the cumulative revenues from those 8 companies was $600,000 USD. In 2019, the cumulative revenues of this group of companies grew to $7 million USD. That is a compounded annual growth rate (CAGR) of 51%. For 2020, despite the pandemic, the companies are estimating total...

Guided Tours


With the global pandemic site visits are not happening in 2020. But thanks to video cameras and the interest, you can take virtual tours of many of the Africa Eats companies.

Africa Eats Ltd.


Africa Eats is incorporated in Mauritius. Why Mauritius? It’s the #1 choice for headquarters of pan-African companies, especially holding companies, and Africa Eats is from Day 1 working across the African continent. Mauritius is also neutral ground. Africa Eats investee companies operate in 10 countries: Ethiopia, Kenya, Uganda, Rwanda, Tanzania, Malawi, Zambia, Botswana, Nigeria, and...

East Africa Fruits


More than 48% of the produce grown is wasted in Tanzania, amounting to over 4.7 million tons of food that would have otherwise been income to farmers. This is due to post-harvest losses suffered by smallholder farmers resulting from poor farming, transport and storage mechanisms. Much of this is due to farmers’ lack of access to markets, which makes them rely on middlemen. Usually it takes two to...

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